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How to Handle Highly Compensated Executive's 401K Plans
The impact of legislation on qualified retirement plans has effectively penalized highly compensated executives by reducing their retirement benefits from a qualified plan and social security to a smaller percentage of their pre-retirement income.
As an employer looks for ways to attract and retain top performers, the highly compensated executive seeks opportunities to save a portion of their income for retirement on a "before-tax" basis.
The 401k Mirror Voluntary Deferral Plan can provide a solution for both.
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Flexible Scheduling Increases Employees' Attendance and Productivity
If absenteeism is a problem in your organization, consider offering your employees flexible work schedules. It's a small price to pay and reaps big rewards, as these companies have learned.
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Stretch Away Strain
Doing a few simple exercises before work and in between tasks will build strength and flexibility, preventing painful problems like carpal tunnel syndrome. Rotating tasks occasionally also helps avoid problems.
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Daylight Saving Time
On Sunday, November 2 (the first Sunday in November) at 2 a.m., Daylight Saving Time ends in the United States. This is the second year that Daylight Saving Time is four weeks longer due to the passage of the Energy Policy Act in 2005. The Act, which extends Daylight Saving Time by four weeks from the second Sunday of March to the first Sunday of November, is expected to save 10,000 barrels of oil each day through reduced use of power by businesses during daylight hours.
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HR Questions and Answers
Rescinded Resignations and Direct Deposit Q&A
Question: One of our employees submitted a resignation letter but then changed their mind. She isn't a good employee, but we let her rescind her letter because we thought we'd be on shaky legal ground. Could we have held her to it?
Question: Can a business require employees to use direct deposit of paychecks?
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